Accounting 3
Main language of instruction: Catalan
Other languages of instruction: English, Spanish
If the student is enrolled for the English track then classes for that subject will be taught in the same language and also in Spanish.
Head instructor
Dr. Eudald RIBAS - eribas@uic.es
Lc. Joan ISAC - jisac@uic.es
Office hours
to be advised
In today’s highly competitive economic climate, executives are required to apply intensive financial analysis as they evaluate business performance, weighing up potential acquisitions and global competition. This course focuses on understanding financial statements and using them to evaluate performance.
Due to the complexity of corporate management, managers are obliged to make increasingly risky decisions. Consequently, they must have access to reliable and precise information about the company’s economic activity by setting up an accounting system that addresses these needs.
Financial statements must be understood and evaluated, as they represent the results of management decisions. It is therefore essential that all those involved in the decision-making process have at least a basic understanding of them.
Managers must also understand the issues of working capital and liquidity. Efficiency and effective planning can release funds to expand and develop businesses. All too often, funds are tied up in inventories or accounts receivable producing little or no returns.
The full programme is viewable at the following website:
Basic understanding of financial statements.
Basic ratio analysis of financial statements.
Full understanding and interpretation of financial statements
Chapter 1 The Corporate Tax.
1.1 Introduction and Accounting records.
1.2 Negative Tax Base.
1.3 Temporary and permanent differences.
Tema 2 Statement of Changes in Equity.
2.1 Introduction. Spanish General Accounting Plan groups 8 and 9.
2.2 Standards on Issue.
2.3 Interpretation.
Tema 3 Cash Flow Statement.
3.1 Introduction.
3.2 Standards on issue.
3.3 Interpretation.
Students are expected to carry out in-class practical work, and complete all assignments, tests and examinations. They must also be cooperative and participate in solving the problems put forward in class. This is reflected in the course marking. Students must at all times conduct themselves in accordance with the university’s high ethical standards and adhere to the policies and regulations detailed in the student pack. Students must attend all course sessions. Unjustified absence from more than two sessions may result in automatically failing the course.
- Final Exam: 70%. Minimum of 5 out of 10 to pass the subject. It is required to pass this exam to get the average with the rest of activites.
- Continuous evaluation: 30%. Homework and short tests with no previous announcement.
- Final Grade: The resulting mark will be weighted according to the attendance, with an allowance of one missed session. Inadequate behaviour in class will penalize this final grade.
Introduction to Financial Accounting. Charles T. Horngren, Gary L. Sundem. Prentice Hall, Fourth Edition, Englewood Cliffs, New Jersey, 1990.
Financial Accounting. Belverd E. Needles Jr., Marian Powers. Houghton Mifflin Custom Publishing, Sixth Edition.
Accounting Principles. Lanny M. Solomon, Richard J. Vargo, Larry M. Walther. West Publishing Company. Third Edition. Saint Paul, New York, Los Angeles, San Francisco, 1990.